UMB Fund Services (UMBFS), a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), has been selected to provide services to the AFA Multi-Manager Credit Fund—Alternative Fund Advisors’ (AFA) first registered closed-end interval fund. UMBFS will provide transfer agency, fund accounting, tax
Barnes & Thornburg has added eight prominent lawyers, consultants and staff in Delaware, including partners Thomas McGonigle, Shawn Tucker and Michael Maimone. Read the full story at Institutional Asset Manager…
Whistleblower lawyers from Kohn, Kohn & Colapinto and the National Whistleblower Center have submitted comments for a proposed rule change to the SEC Whistleblower Program. The final vote on the rules is set for September 2021.
Jonathan Marcus has joined Reed Smith’s Energy & Natural Resources Industry Group (ENR) as a partner in the Washington office. His multifaceted practice includes advising clients on commodity, derivatives and digital asset regulation, litigating private suits involving the derivatives and
MakerDAO’s Real-World Finance Core Unit has partnered with JST Capital, a financial services firm specialising in the digital assets market, to bring on-chain securitisation to institutional investors. JST and MakerDAO will be working together to develop robust frameworks for bringing
The hedge fund industry notched its seventh consecutive month in the black, posting a 1.08 per cent return for the month of May, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. In aggregate
The implementation of ESG metrics for regulated funds under the EU’s sustainability-focused SFDR framework remains a “work in progress” for many hedge funds and other asset managers, according to fund structuring and governance service provider Waystone.
Broadridge Financial Solutions, Inc, a global Fintech leader, has announced the successful go-live of its transformative distributed ledger repo (DLR) platform. Early participants of the blockchain-enabled platform are realising significant and immediate benefits of reduced risk, operational costs and enhanced
Baton Systems (Baton) has completed connecting to Intercontinental Exchange (ICE), a global provider of data, technology, and market infrastructure, making ICE Clear Europe the fifth major global CCP available on the Baton network. All FCMs using Baton will now be
Firms falling within the remit of the FCA’s new Investment Firm Prudential Regime (IFPR) cannot afford to be passive. They need to set themselves on the right path now if they are to meet the January 2022 compliance deadline. Some
